Deadline Draws Near for Puerto Rico on Debt

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Aaron Kuriloff Investors are bracing for Puerto Rico to miss about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion of debt. Saturday's deadline could mark the first skipped payment to ...

Deadline Draws Near for Puerto Rico

TODAY: July 31, 2015 PUB DATE: July 31, 2015

Investors are bracing for Puerto Rico to miss about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion of debt. Saturday's deadline could mark the first skipped payment to bondholders since Gov. ...

SoulCycle Files to Go Public -- 3rd Update

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Rolfe Winkler Spin class is spinning up big revenues and profits. SoulCycle Inc., the network of cycling exercise studios, filed Thursday to raise $100 million in an initial public offering, providing details of its fast growth and impressive bottom ...

LinkedIn Earnings Top Expectations -- 3rd Update

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Cat Zakrzewski LinkedIn Corp.'s stock yo-yoed in after-hours trading Thursday as investors realized it beat growth expectations because of a recent acquisition, not due to a recovery in its core business. The professional-networking site said second-quarter sales jumped 33% ...

Noble Group Shares Keep Falling as Short Sellers Pile In

TODAY: July 31, 2015 PUB DATE: July 31, 2015

SINGAPORE?Shares of commodities trader Noble Group Ltd. slumped for a second straight session Friday, falling as much as 22% since Wednesday's close as short sellers crowded in on the embattled firm. The company's share price has more than halved since ...

Lenders Pitch Refinanced Loans to Former Students (Some of Them)

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By AnnaMaria Andriotis More student lenders are for the first time offering to refinance the loans of professionals who are years out of college, promising low rates in return for the prospect of lucrative new customers. A growing number of ...

Potholes Put a Dent in New York City Budget

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Mozes Zarate Potholes and road defects cost New York City almost $138 million in settlements for pedestrian injuries and vehicle damage over the past six years, according to a report released Thursday by City Comptroller Scott M. Stringer. The ...

Oil Prices Slip on Dollar's Strength

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Biman Mukherji HONG KONG--Oil prices fell on Friday as news of solid U.S economic growth bolstered the dollar. While the positive U.S economic data tends to be positive for oil over the longer run, it also increases dollar's value, ...

New Zealand ANZ July Business Confidence -15.3%; Jun -2.3%

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Rebecca Howard WELLINGTON, New Zealand---New Zealand business confidence hit a six-year low in July, with agriculture as the most pessimistic sector. A net 15.3% of respondents in the ANZ Business Outlook survey expected business conditions to worsen over the ...

Tax Status of Avago-Broadcom Merger Uncertain

TODAY: July 31, 2015 PUB DATE: July 31, 2015

Avago Technologies Ltd. said the Internal Revenue Service has declined to assure that its pending $37 billion takeover of Broadcom Corp. will be tax-free to that company's shareholders, highlighting an unusual consequence of some cross-border deals. Singapore-based Avago and California-based ...

Relativity Media Files for Chapter 11 Bankruptcy -- Update

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Patrick Fitzgerald And Erich Schwartzel Relativity Media LLC, the beleaguered independent film and television studio behind such recent releases as "The Lazarus Effect" and hits like MTV's "Catfish," filed for bankruptcy protection Thursday and put itself up for sale. ...

Potholes Put a Dent in New York City Budget

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Mozes Zarate Potholes and road defects cost New York City almost $138 million in settlements for pedestrian injuries and vehicle damage over the past six years, according to a report released Thursday by City Comptroller Scott M. Stringer. The ...

SoulCycle Files to Go Public -- 3rd Update

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Rolfe Winkler Spin class is spinning up big revenues and profits. SoulCycle Inc., the network of cycling exercise studios, filed Thursday to raise $100 million in an initial public offering, providing details of its fast growth and impressive bottom ...

U.S. Economy Picks Up, but Stays In Its Rut--Update

TODAY: July 31, 2015 PUB DATE: July 31, 2015

By Kate Davidson The U.S. economy emerged from its winter lull with a moderate spring rebound, but the historically sluggish expansion is looking even more sluggish as it enters year seven. Gross domestic product, the broadest measure of goods and ...

Barrick Gold Sells Stake in Mine to Antofagasta

TODAY: July 31, 2015 PUB DATE: July 31, 2015

TORONTO?Barrick Gold Corp. on Thursday said it had agreed to sell 50% of its Zaldí var copper mine in Chile to Antofagasta PLC for $1 billion in cash, and to work with its new Chilean partner on maximizing the value ...

China Service Trade Deficit at $14.9 Billion in June

TODAY: July 31, 2015 PUB DATE: July 31, 2015

BEIJING--China recorded a service trade deficit of $14.9 billion in June, down from $18.3 billion in May, official data showed Friday. For the first six months of the year, the country saw a service trade deficit of $91.6 billion, the ...

Asian Shares Higher After Fed Meeting; China Shares Flat

TODAY: July 31, 2015 PUB DATE: July 30, 2015

By Chao Deng China stocks were roughly flat while markets elsewhere in Asia rose after the Federal Reserve stuck to a near-zero benchmark interest rate, as expected. The Shanghai Composite is down 0.2% at 3782.04 after snapping a three-day losing ...